The hasty expansion of smart meter deployments and IoT technologies across Europe has built a new storage of data and insights on customer energy consumption and Innowatts eUtility helps the companies to use their statistics and translate them into actionable intelligence.
FREMONT, CA: Innowatts is expanding its suite of AI-enabled analytics and digital energy applications to the European markets. The company now has already been testing its platform across four million smart meters.
The expansion focuses on Spain, UK, Scandinavia, and other smart-meter enabled regions and intends to equip European energy providers with vital predictive intelligence. The facilities can allow customers to with decarbonization and lowers costs as well as personalizes the end-user experience.
Innowatts’ platform facilitates retail energy suppliers with a solo platform for getting smart meter insights and translating them into new sources of customer and business value. By introducing its technology to European energy markets, it can potentially increase the ROI of many smart meter deployments across the region.
Innowatts offers these services through its cloud-based eUtility platform, a SaaS that allows energy providers to disaggregate customer-level energy patterns. It uses intelligence to design highly customized, offering plans, pricing, and product solutions that match individual client needs. The solution also presents forecasts and other predictive insights that enable proactive forms of customer engagement like smart energy alerts, notifications, and point solution offerings.
The company also announced appointing Dave Boundy as the European general manager. Boundy was the founder of Intel Energy Solutions and holds more than 20 years of experience in the energy and digital innovation sector. He has also been a part of multiple senior leadership positions at Intel, driving new technology research, HR operations, and IT service management.
As a chief provider of AMI-driven predictive analytics and AI-based solutions for utilities, energy retailers, and smart energy communities, the Innowatts eUtility platform has served nearly 20 million energy consumers and their providers with access to lower energy costs with reliable and personalized energy experience. The company is backed by Shell Ventures, Iberdrola and Energy and Environment Investment (Japan).